India

Samsung crafts India comeback as anti-China wave surges

By Sankalp Phartiyal and Heekyong Yang

NEW DELHI/SEOUL (Reuters) – Samsung Electronics Co Ltd is forging a comeback in India’s smartphone market with a new range of budget devices and a ramped-up online presence, aiming to recoup ground ceded to Chinese rivals such as Xiaomi Corp.

Samsung, the only major non-Chinese player in the country, has already begun to gain ground, and a surge in anti-China sentiment in India following a border clash in June is expected to provide a fresh boost.

Samsung jumped to the No. 2 spot with 26% market share in the second quarter behind Xiaomi’s 29%, according to tech researcher Counterpoint, as the South Korean company’s diverse and inhouse supply chain helped it avoid product delays suffered by rivals during coronavirus lockdowns.

It was in third position with a 16% share in the previous quarter.

Once the unrivalled leader in the world’s second-biggest smartphone market, Samsung

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CEO Pichai Says Google Will Invest $10 Billion in India

(Bloomberg) — Google said it plans to spend $10 billion over the next five to seven years to help accelerate the adoption of digital technologies in India.

Sundar Pichai, who was born in the country and is now chief executive officer of parent Alphabet Inc., made the announcement at the annual Google for India event via video conference. He said the outbreak of the coronavirus has made clear the importance of technology for conducting business and for connecting with friends and family.

“This is a reflection of our confidence in the future of India and its digital economy,” he said of the India Digitization Fund.

The $10 billion will be invested in partnerships, operations, infrastructure, the digital ecosystem and equity investments. Google said the effort will focus on several key areas:

Enabling affordable access and information for every Indian in their own language, including Hindi, Tamil and PunjabiBuilding new products

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